Printer Friendly

ROTTLUND REPORTS HIGHER EARNINGS FOR FOURTH QUARTER AND 12 MONTHS

 MINNEAPOLIS, June 3 /PRNewswire/ -- The Rottlund Company, Inc. (NASDAQ-NMS: RHOM) today reported sharply higher earnings for the fourth quarter and fiscal year ended March 31, 1993.
 Fourth quarter net income was $410,000 or 7 cents per share, compared with $204,000 or 5 cents per share in the same period last year. Fourth quarter revenues were $16,187,000 versus $13,183,000 a year earlier.
 For the year ended March 31, 1993, Rottlund reported net income of $3,236,000 or 66 cents per share, compared with $1,158,000 or 27 cents per share a year earlier. Revenues for the year ended March 31, 1993 were $82,075,000 compared with $51,541,000 last year.
 Rottlund also disclosed today that Builder, the magazine of the National Association of Home Builders, officially announced at its annual Builder 100 meeting held on May 8, 1993, that Rottlund Homes has achieved the distinction of being the 54th largest builder in the nation. The Minneapolis-based residential building company was ranked the 84th largest builder last year. Additionally, Rottlund Homes was recognized as the 8th largest attached, for sale, home builder in the nation. The Rottlund Company, Inc., also known as Rottlund Homes, became a public company in October 1992. The proceeds of that offering were used to fund its Minnesota operations as well as to establish division in Iowa and Florida.
 THE ROTTLUND COMPANY, INC.
 (In thousands, except per share data)
 Three Months Ended
 3/31/93 3/31/92
 Revenues $16,187 $13,183
 Net income $410 $204
 Earnings per share $0.07 $0.05
 Average shares 5,638,000 4,350,000
 12 Months Ended
 3/31/93 3/31/92
 Revenues $82,075 $51,541
 Net income $3,236 $1,158
 Earnings per share $0.66 $0.27
 Average shares 4,875,000 4,350,000
 All figures are pro forma to reflect the effects on the historical income statement data for each of the periods presented as if the company had not been treated as an S corporation for income tax purposes.
 -0- 6/3/93
 /CONTACT: Larry Shapiro of Rottlund Homes, 612-571-0304/
 (RHOM)


CO: Rottlund Homes ST: Minnesota IN: CST SU: ERN

DB -- MN011 -- 5018 06/03/93 13:11 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 3, 1993
Words:376
Previous Article:MAZDA REPORTS SALES FOR MAY 1993
Next Article:BARR LABORATORIES AND CIRCA PHARMACEUTICALS SETTLE LAWSUIT
Topics:


Related Articles
ROTTLUND REPORTS HIGHER EARNINGS FOR THIRD QUARTER AND NINE MONTHS
ROTTLUND REPORTS SALES AND NET INCOME FOR FIRST QUARTER
ROTTLUND REPORTS HIGHER SALES AND NET INCOME FOR THIRD QUARTER
Rottlund Reports Sales and Net Income for Second Quarter
Rottlund Reports Sales and Net Income for Third Quarter.
Rottlund Reports Record Sales and Net Income for Fourth Quarter and Year.
Rottlund Reports Sharply Higher Operating Income for First Quarter.
Rottlund Reports Record Sales and Net Income for the Second Quarter of Fiscal Year 2001.
Rottlund Reports Sales and Net Income for Fourth Quarter and Year Ended March 31, 2001.
Rottlund Reports First Quarter Operating Results.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters